Miami, Could 20th, 2021 – Motorsport Community has acquired Hammer Worth, a pioneering collector automotive pricing instrument and public sale knowledge aggregator, presenting a brand new enterprise answer for purchasers, the primary and solely option to comply with a number of worldwide automotive auctions in a single streamlined format on a smartphone or pill offering complete knowledge insights for automotive collectors, sellers and fanatics worldwide. This comes as current reporting suggests rising curiosity in collectible vehicles worldwide.
For devoted collectors and sellers, Hammer Worth presents an unmatched expertise with intricate hand-crafted public sale knowledge in real-time and a formidable attain as the biggest supply for worldwide collector automotive public sale outcomes. The platform provides customers the flexibility to view and comply with a number of automotive auctions concurrently. With year-round reporting, customers can reference deep historic knowledge on previous gross sales, preview upcoming auctions, and obtain custom-made alert notifications on autos of curiosity. Public sale outcomes immediately replace as every automotive crosses the block. The superior pricing instrument options full last gross sales outcomes with purchaser premiums and it seamlessly converts USD pricing into foreign currency echange, with multi-language integration to comply with shortly.
Hammer Worth joins Motorsport Community’s Pushed Way of life division together with the not too long ago introduced duPont Registry acquisition. The brand new division is the end result of the tradition, group and commerce of the world’s luxurious and traditional automotive way of life in a single ecosystem. The Pushed Way of life portfolio options Canossa Occasions, synonymous with excellence in street touring, that organizes almost 270+ marquee experiences per yr for driving fanatics. A part of Canossa Occasions, Cavallino is a preeminent media and concours occasions firm, internet hosting landmark occasions for high-end automotive collectors and admirers such because the thirtieth Annual Palm Seashore Cavallino Traditional. Hammer Worth is positioned as an ideal match with Cavallino, which has established a robust community of content material serving a worldwide Ferrari group. The brand new Hammer Worth web site will profit from the cross-promotion and integration inside the Pushed Way of life division. Moreover, with FerrariChat, the main world social platform and foremost voice on Ferrari, with 20+ years of expertise connecting 200K engaged registered members, Hammer Worth has direct entry to a extremely engaged and educated Ferrari viewers.
Harley Cluxton IV, present proprietor of Hammer Worth, will proceed to work with the enterprise, becoming a member of Motorsport Community as Product Supervisor for the service. Leveraging Motorsport Community’s world viewers attain, Cluxton will oversee the launch of the brand new Hammer Worth platform, elevating the service from an app-only product to a various portfolio of built-in options.
The brand new enterprise grows Motorsport Community’s attain within the Automotive sector, increasing their experience and information to a brand new viewers. The invaluable knowledge on high-end luxurious and traditional vehicles public sale historical past cataloged by Hammer Worth gives an unbelievable alternative for Motorsport Community to supply automotive gathering to extra customers, by way of their 56-million+ month-to-month customers, and acquire enchantment to a brand new set of potential companions and enterprise associates.
Harley Cluxton IV of Hammer Worth mentioned: “I’m wanting ahead to becoming a member of the crew at Motorsport Community. I consider of their imaginative and prescient for Hammer Worth and its pivotal position within the enlargement of the corporate’s portfolio. Motorsport Community’s highly effective ecosystem of upmarket luxurious and collector automotive automotive companies gives the optimum stage for development.”
Nik Komarov, VP of Enterprise Growth, Motorsport Community mentioned: “We welcome Harley Cluxton IV to Motorsport Community, and consider the acquisition provides essentially the most data-rich insights into traditional automotive public sale historical past. Motorsport Community intends to launch a brand new web site and provide new options and options to the present expertise enabling sellers and automotive collectors with a better understanding of the market worth of traditional vehicles.”
For extra info, please contact:
Ravi Pankhania, Motorsport Community – Ravi.Pankhania@motorsport.com
About Motorsport Community
Each month over 56 million devoted customers go to a Motorsport Community digital property, to purchase, to be taught, to be entertained, or just to feed their ardour for vehicles and racing.
We sit on the coronary heart of the Racing and Automotive industries and supply authoritative thought management in addition to distinctive experiences to our prospects. We take them on a buyer journey that encompasses information and insights, occasions, tickets, video games and esports, so we leverage the community impact so as to add worth to their expertise. We use our inhouse expertise and trendy knowledge instruments to repeatedly check, be taught, and enhance. Our processes, content material creation and merchandise are continuously evolving to raised serve our viewers.
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Ahead-Wanting and Different Cautionary Statements
Completion of Motorsport Community’s acquisition of duPont Registry stays topic to customary closing circumstances that are set forth within the events’ definitive written buy settlement, which closing is anticipated to happen in 2021. Any statements contained on this press launch that aren’t statements of historic reality could also be deemed forward-looking statements. Phrases equivalent to “proceed,” “will,” “could,” “might,” “ought to,” “anticipate,” “anticipated,” “plans,” “intend,” “anticipate,” “consider,” “estimate,” “predict,” “potential,” and comparable expressions are meant to determine such forward-looking statements. All forward-looking statements contain vital dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied within the forward-looking statements, lots of that are typically exterior the management of Motorsport Community and are troublesome to foretell. Examples of such dangers and uncertainties embody, however are usually not restricted to, whether or not all circumstances precedent in Motorsport Community’s definitive settlement to amass duPont Registry can be glad, whether or not the closing of such acquisition will happen, what the last word impression of the continuing and extended COVID-19 pandemic may have on Motorsport Community and its outcomes of operations and monetary situation and whether or not Motorsport Community will obtain its targets, together with as to the Firm’s plans to develop its portfolio and as to its future enterprise development. Extra examples of such dangers and uncertainties embody, however are usually not restricted to (i) Motorsport Community’s means (or lack of ability) to take care of and/or develop the Drive Way of life portfolio; (ii) Motorsport Community’s means to efficiently handle and combine any joint ventures, acquisitions of companies, options or applied sciences; (iii) unanticipated working prices, transaction prices and precise or contingent liabilities; (iv) the flexibility to draw and retain certified staff and key personnel; (v) antagonistic results of elevated competitors on Motorsport Community’s enterprise; (vi) the danger that adjustments in client habits might adversely have an effect on Motorsport Community’s enterprise, outcomes of operations and/or monetary situation; (vii) Motorsport Community’s means to guard its mental property; and (viii) native, trade and normal enterprise and financial circumstances. Components apart from these referred to above might additionally trigger Motorsport Community’s outcomes to vary materially from anticipated outcomes. Motorsport Community anticipates that subsequent occasions and developments could trigger its plans, intentions and expectations to vary. Motorsport Community assumes no obligation, and it particularly disclaims any intention or obligation, to replace any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as expressly required by regulation. Ahead-looking statements communicate solely as of the date they’re made and shouldn’t be relied upon as representing Motorsport Community’s plans and expectations as of any subsequent date. Moreover, the enterprise and monetary supplies and another assertion or disclosure on, or made out there by way of, Motorsport Community’s web sites or another web sites referenced or linked to this press launch shall not be integrated by reference into this press launch.